Weyerhaeuser CEO Devin Stockfish said the U.S. timber and wood-products group is operating “from a position of strength” and is ready to benefit when lumber markets recover, despite weak housing activity and low prices. Speaking around the company’s investor day, Stockfish pointed to cost reductions and productivity gains made in recent years, which he said have helped Weyerhaeuser endure one of the toughest downturns the sector has faced. The company owns more than 10 million acres of U.S. timberland, a key advantage compared with many peers. Weyerhaeuser set a target to lift EBITDA by ...
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